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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (534957)	12/7/2009 1:01:30 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1576894

Inode, > the assumption you can spend your way out of a depression. It really doesn't even make good economic sense. Reminds me of Craig Barrett, who said the opposite. You can't save your way out of a recession. You have to invest your way out. Only problem is that you have a bunch of liberals in power who view bigger government as an "investment" into the future. Hey, I'm all for government-sponsored investment. Just make sure it isn't $10 to unions and political cronies for every $1 of investment. Tenchusatsu

To: i-node who wrote (534957)	12/10/2009 5:27:37 PM
From: TimF	Read Replies (2) \| Respond to of 1576894

Question for Krugman by Don Boudreaux on December 10, 2009 in Myths and Fallacies, Other People's Money, Politics Here’s a letter that I sent yesterday to Judy Woodruff at PBS: Ms. Judy Woodruff PBS Newshour Dear Ms. Woodruff: I enjoyed your interview yesterday with Bruce Bartlett and Paul Krugman. But I wonder if you’re as baffled by Prof. Krugman as I am. On one hand, Krugman’s voice is America’s most prestigious, loud, and insistent one for concentrating greater power in Washington. On the other hand, he is forever complaining that Uncle Sam is a tool of destructive special-interest groups or is under the influence of stupid ideas (or both). Of course, his distrust of Republicans is as well-known as it is justified. But from your interview we learn that Krugman believes also that today’s overwhelmingly Democratic Congress is, in his words, “extremely dysfunctional.” I’d like to ask Prof. Krugman why he’s so keen to entrust vastly more resources and power to an agency that, even when controlled by the political party that shares his values and worldview, is “extremely dysfunctional.” Why is he optimistic that an entity that can, and does, so easily malfunction will nevertheless – when vested with greater power – work selflessly and smartly to improve the lives of ordinary Americans? Sincerely, Donald J. Boudreaux cafehayek.com